Exceed World, Inc. Files Q3 2025 10-Q

TL;DR

Exceed World, Inc. filed its Q3 2025 10-Q. Financials are in.

AI Summary

Exceed World, Inc. filed its 10-Q for the period ending June 30, 2025. The filing covers the third quarter of their fiscal year, which ends on September 30. The company's principal business address is in Osaka, Japan, and it was formerly known as Brilliant Acquisition, Inc. before a name change on February 18, 2015.

Why It Matters

This filing provides investors with a quarterly update on Exceed World, Inc.'s financial performance and operational status, crucial for understanding the company's trajectory.

Risk Assessment

Risk Level: low — This is a routine quarterly filing with no immediate red flags or significant new information presented.

Key Numbers

• 20250630 — Reporting Period End Date (Indicates the end of the financial quarter being reported.)
• 0930 — Fiscal Year End (Defines the end of the company's annual financial cycle.)

Key Players & Entities

• Exceed World, Inc. (company) — Filer of the 10-Q
• 20250630 (date) — End of the reporting period
• 0930 (date) — Fiscal year end
• Brilliant Acquisition, Inc. (company) — Former company name
• 20150218 (date) — Date of former company name change

FAQ

Key Financial Figures

• $26,000 — st of the Company at a consideration of $26,000. On September 26, 2018, the same date
• $1 — any issued 12,700,000 common stock at US$1 each to Force Internationale. The resul
• $ — rrency is not US$ are translated into US$, using the exchange rate on the balance
• $498,975 — d June 30, 2025, the Company recognized $498,975 of deferred income from the opening bal

Filing Documents

• exceed_10q325o.htm (10-Q) — 548KB
• ex31.htm (EX-31) — 12KB
• ex32.htm (EX-32) — 8KB
• 0001599916-25-000103.txt ( ) — 2526KB
• exdw-20250630.xsd (EX-101.SCH) — 21KB
• exdw-20250630_cal.xml (EX-101.CAL) — 13KB
• exdw-20250630_def.xml (EX-101.DEF) — 18KB
• exdw-20250630_lab.xml (EX-101.LAB) — 153KB
• exdw-20250630_pre.xml (EX-101.PRE) — 116KB
• exceed_10q325o_htm.xml (XML) — 372KB

SIGNATURES

SIGNATURES 6 -2- Table of Contents

- FINANCIAL

PART I - FINANCIAL INFORMATION ITEM 1

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS EXCEED WORLD, INC. CONSOLIDATED BALANCE SHEETS (UNAUDITED) As of As of June 30, 2025 September 30, 2024 ASSETS Current Assets Cash $ 9,248,305 $ 17,573,926 Restricted cash 118,717 883,386 Accounts receivable 808,367 296,164 Income tax recoverable 339,345 39,990 Prepaid expenses 206,765 189,190 Inventories 704,741 723,228 Other current assets 563,647 15,786 TOTAL CURRENT ASSETS 11,989,887 19,721,670 Non-current Assets Property, plant and equipment, net 879,730 776,740 Software, net 4,382,651 2,980,010 Operating lease right-of-use assets 436,836 593,191 Other intangible assets, net 175,142 126,913 Long-term prepaid expenses 53,591 34,750 Deferred tax assets 422,317 506,474 Investments 345,280 - Insurance funds 66,415 62,679 Security deposits 196,152 199,010 TOTAL NON-CURRENT ASSETS 6,958,114 5,279,767 TOTAL ASSETS $ 18,948,001 $ 25,001,437 LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities Accounts payable $ 561,041 $ 769,067 Accrued expenses and other payables 670,677 727,363 Contingency liability 44,148 48,440 Income tax payable - 1,471 Deferred income 17,313 498,975 Finance lease obligations, current 16,672 19,499 Operating lease liabilities, current 337,034 323,620 Due to related parties 2,126,085 1,991,360 Due to director 741,248 741,248 Other current liabilities 413,572 800,344 TOTAL CURRENT LIABILITIES 4,927,790 5,921,387 Non-current Liabilities Finance lease obligations, non-current 51,406 73,574 Operating lease liabilities, non-current 70,698 240,043 TOTAL NON-CURRENT LIABILITIES 122,104 313,617 TOTAL LIABILITIES 5,049,894 6,235,004 Shareholders' Equity Preferred stock ($ 0.0001 par value, 20,000,000 shares authorized; 0 issued and outstanding as of June 30, 2025 and September 30, 2024) - - C

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS AS OF JUNE 30, 2025 (UNAUDITED) NOTE 1 - ORGANIZATION, DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION Exceed World, Inc. (the "Company"), was incorporated under the laws of the State of Delaware on November 25, 2014. On September 26, 2018, e-Learning Laboratory Co., Ltd. ("e-Learning"), a direct wholly owned subsidiary of Force International Holdings Limited, which was incorporated in Hong Kong with limited liability ("Force Holdings"), entered into a share purchase agreement with Force Internationale Limited ("Force Internationale"), the holding company of Force Holdings, in which e-Learning agreed to sell and Force Internationale agreed to purchase 74.5% equity interest of the Company at a consideration of $26,000. On September 26, 2018, the same date, Force Internationale entered into a share purchase agreement with the Company, in which Force Internationale agreed to sell and the Company agreed to purchase 100% equity interest of Force Holdings. In consideration of the agreement, the Company issued 12,700,000 common stock at US$1 each to Force Internationale. The results of these transactions are that Force Internationale is an 84.4% On December 6, 2018, the Company entered into a share contribution agreement with Force Internationale. Under this agreement, the Company transferred 100% of the equity interest of School TV Co., Ltd. ("School TV"), to Force Internationale without consideration. This agreement was approved by the board of directors of the Company, Force Internationale and School TV. Upon the completion of the disposal, School TV was deconsolidated from the Company's consolidated financial statements. As of June 30, 2025, the Company operates through our wholly owned subsidiaries, which are engaged in provision of the educational services through an internet platform called "Force Club". The Company has elected September 30th as its fisca

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View this 10-Q filing on SEC EDGAR